Bama Concrete Products Co Inbenefits

Bama Concrete Products Co In's benefits plans covered 100 active participants in 2024, providing life · vision · short-term disability · long-term disability. Insurance premiums totaled $1,199,768. Insurance brokers and agents were paid $32,537 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $325 per covered person, above the median for employer plans that report broker pay. Broker pay rose 21% from $26,970 in 2023.